Prism Cement is currently trading at Rs. 102.50, up by 2.10 points or 2.09% from its previous closing of Rs. 100.40 on the BSE.
The scrip opened at Rs. 101.90 and has touched a high and low of Rs. 103.00 and Rs. 101.90 respectively. So far 5726 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.60 on 08-Apr-2015 and a 52 week low of Rs. 65.25 on 26-Sep-2014.
Last one week high and low of the scrip stood at Rs. 103.00 and Rs. 91.40 respectively. The current market cap of the company is Rs. 5053.70 crore.
The promoters holding in the company stood at 74.87% while Institutions and Non-Institutions held 16.13% and 9.00% respectively.
Prism Cement has received in principle approval from its board to sell 23% of its holding in the paid-up capital of Raheja QBE General Insurance Company (Raheja QBE), the general insurance subsidiary, to its existing partner in Raheja QBE, namely the QBE Group, Australia, for a consideration of approximately AUD 21,500,000 (equivalent to approximately Rs 103 crore).
The proposed transaction is subject to execution of definitive documents and applicable approvals. Once the proposed transaction is consummated, the company’s shareholding in Raheja QBE shall stand reduced from 74% to 51%.
Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.
